Miguel deposits $2000 into a bank account that earns simple interest. He writes the expression 2000 + 2000(0.015)(t/12) to repre
sent the value of the account after t months. Based on Miguel's expression, how much interest will the account earn in one month?
1 answer:
Answer:
based on the equation he would make $2.5 in the first month but realistically he would earn around $30 in the first month
Step-by-step explanation:
2000+2000(.015)(1/12)=2002.5
2002.5-2000=2.5
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